Feeds

Kids' Swapit Web money revived

Online currencies not entirely dead in water

  • alert
  • submit to reddit

Seven Steps to Software Security

While Beenz officially died yesterday, today, an online currency - the Swapit - has been revived. Webswappers bought its rival Web site SwapitShop from Granada Media for an undisclosed cash sum.

Granada Media shut the site down in June over money (what else?) and Webswappers was just one of several interested parties in SwapitShop apparently. When functioning, SwapitShop was getting 10 million page impressions a month. It also has 200,000 registered users - although they will all have to re-register before using their old accounts again.

The site is aimed at kids and basically consists of people swapping stuff in the age-old tradition of those too young to have been corrupted by capitalism. Swapits are used in lieu of money, making it easier for children to do deals.

Both the SwapitShop and Webswappers have had extensive media coverage and boast big name backers and partners. Webswappers is keeping the Swapit currency alive and will be extending it to its own site.

A note of the SwapitShop site says techies are working round the clock and it should be back up in a few weeks. ®

Related Link

SwapitShop.com

Boost IT visibility and business value

More from The Register

next story
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
Big Blue Apple: IBM to sell iPads, iPhones to enterprises
iOS/2 gear loaded with apps for big biz ... uh oh BlackBerry
Price cuts, new features coming for Office 365 small biz customers
New plans for companies with up to 300 staff to launch in fall
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.